Safa Systems Approves Preferential Issue of 23.9 Lakh Shares

Safa Systems & Technologies Ltd's Board of Directors has approved a preferential issue of up to 23,90,000 equity shares to promoters and members of the promoter group. The issue price is set at ₹20.47 per share, with an aggregate consideration not exceeding ₹4,89,23,300. This move is part of the company's strategy to raise capital through private placement. The board also approved the notice for the 5th Annual General Meeting, scheduled for September 11, 2026, and discussed other corporate matters including the re-appointment of independent directors and shifting of the registered office.